to enable the transportation by pipeline and injection and storage of greenhouse gas substances in Commonwealth offshore waters by: providing for the release of offshore acreage over which greenhouse gas titles may be obtained, establishing a system of titles to authorise title-holders to engage in greenhouse gas related operations and conferring on the minister regulatory powers in relation to those titles and activities, and adapting existing petroleum provisions relating to administrative, regulatory and process matters to greenhouse gas titles and operations. Also amends the existing regime of petroleum titles to accommodate the new kinds of activity being authorised by the Act; amends the long title of the Act and renames it as the

Introduced with the Petroleum (Submerged Lands) Amendment Bill 2003, the bill imposes levies (a safety investigation levy, a safety case levy and a pipeline safety management plan levy) on the operators of facilities engaged in the exploration, development and production of offshore petroleum. The levies will be used to fund the regulatory activities of the National Offshore Petroleum Safety Authority. Also contains a regulation-making power.

to: impose a safety investigation levy, safety case levy and pipeline safety management plan levy in relation to greenhouse gas facilities and pipelines in Commonwealth offshore waters; and amend the long title of the Act and rename it as the